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The August 2023 Labor Force Survey indicates a positive trend in the Philippine economy, with an employment rate of 95.6% and a decrease in unemployment to 4.4%. Key sectors contributing to this growth include agriculture, construction, and health services. The government aims to enhance employment quality and create better job opportunities through initiatives like the Trabaho Para sa Bayan Act and the Philippine Labor and Employment Plan 2023-2028.

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11 views3 pages

App Eco pos and norm stat.

The August 2023 Labor Force Survey indicates a positive trend in the Philippine economy, with an employment rate of 95.6% and a decrease in unemployment to 4.4%. Key sectors contributing to this growth include agriculture, construction, and health services. The government aims to enhance employment quality and create better job opportunities through initiatives like the Trabaho Para sa Bayan Act and the Philippine Labor and Employment Plan 2023-2028.

Uploaded by

Dave Marasigan
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Arellano, Shaira Mae C.

ABM 12 - St. Regina

SURVEY SHOWS POSITIVE PATH FOR PHILIPPINE ECONOMY

CEBU, Philippines — The preliminary results of the August 2023 Labor Force
Survey affirmed the viability of the government’s initiatives and continuous improvement
of the economy as it maintains a positive trajectory for our labor market, said
Department of Labor and Employment Secretary Bienvenido Laguesma.

Laguesma said the employment rate for August 2023 translates to 95.6 percent
which is 0.9 percentage point higher from 94.7 percent of August 2022. He said that this
continuous improvement is not only evident in one industry alone but also in others,
particularly to the five sub-sectors that show annual increases in the number of
employed persons.

These sectors are fishing and aquaculture, construction, agriculture, human


health and social work activities, and administrative and support service activities. The
labor secretary, in a statement, added that the gain in employment in the agriculture
sector can be attributed to the early harvest of palay planted during the wet cropping
season. Agriculture Undersecretary for Rice Industry Development Leocadio Sebastian
has affirmed that the early harvest of palay from three provinces, namely: Isabela,
Nueva Ecija, and North Cotabato, will start by the last week of August until September.

On the other hand, Laguesma said that the rate of unemployment shows the
same favorable result. He said the unemployment rate decreased by 0.9 percentage
points to 4.4 percent in August 2023 from 5.3 percent in the previous year.

Furthermore, out of 48.07 million employed persons in August 2023, only 11.7
percent of them are underemployed, which are individuals who indicated desire to have
additional jobs or longer working hours compared to the 14.7 percentage in August
2022. “In spite of the fact that the most recent results revealed significant advances in
the Philippine labor market, the government should continue to increase its efforts to
enhance an environment that will encourage the creation of more and better
employment opportunities,” part of his statement reads.

With this, in an effort to address underemployment, unemployment, and other


issues in the labor market, President Ferdinand R. Marcos Jr. recently signed into law
the Trabaho Para sa Bayan Act.
Along with the Philippine Labor and Employment Plan 2023-2028, Laguesma
said the law will also perform an in-depth analysis of the country’s employment situation
and labor market, as well as ensuring the effective use of resources by harmonizing and
complementing all government activities.” He said that DOLE will continuously strive to
promote quality employment, labor rights, and fair salaries. “We recognize that
employment is more than just mere number, it is more importantly about the quality of
jobs and the well-being of our employees. Our goal is not just to maintain the current
increase in employment rates, but also to raise the standard of living for all Filipinos,” he
added.

He further said that DOLE will continue to work with the public and private sector
partners to ensure that workforce is competitive and adaptive in a constantly evolving
global economy.
Arellano, Shaira Mae C.

ABM 12 - St. Regina

POSITIVE STATEMENTS

1. Laguesma said the employment rate for August 2023 translates to 95.6
percent which is 0.9 percentage point higher from 94.7 percent of August
2022

2. Laguesma said that the rate of unemployment shows the same favorable
result. He said the unemployment rate decreased by 0.9 percentage
points to 4.4 percent in August 2023 from 5.3 percent in the previous year.

3. Furthermore, out of 48.07 million employed persons in August 2023, only


11.7 percent of them are underemployed, which are individuals who
indicated desire to have additional jobs or longer working hours compared
to the 14.7 percentage in August 2022.

NORMATIVE STATEMENTS

1. The government should continue to increase its efforts to enhance an


environment that will encourage the creation of more and better
employment opportunities.

2. DOLE will continuously strive to promote quality employment, labor rights,


and fair salaries.

3. We recognize that employment is more than just mere number, it is more


importantly about the quality of jobs and the well-being of our employees.
Our goal is not just to maintain the current increase in employment rates,
but also to raise the standard of living for all Filipinos

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